AvidXchange Holdings, Inc. (NASDAQ:AVDX) Q1 2024 Earnings Conference Call May 8, 2024 10:00 AM ET Company Participants Subhaash Kumar - Head, Investor Relations Michael Praeger - Co-Founder and Chief Executive Officer Joel Wilhite - Chief Financial Officer Conference Call Participants Dave Koning - Baird Darrin Peller - Wolfe Research Sanjay Sakhrani - KBW Craig Maurer - FT Partners Andrew Bauch - Wells Fargo Bryan Keane - Deutsche Bank Ramsey El-Assal - Barclays Tien-tsin Wang - JPMorgan James Faucette - M ...

Earnings Presentation First Quarter 2024 May 8, 2024 Forward-Looking Statements Non-GAAP Measures & Other Performance Metrics Thispresentationmaycontain“forward-lookingstatements”withinthemeaningoftheU.S.PrivateSecurities To supplement the financial measures presented in our presentation and related conference call in accordance LitigationReformActof1995.Inthiscontext,forward-lookingstatementsgenerallyrelatetofutureeventsor withgenerallyacceptedaccountingprinciplesintheUnitedStates(“GAAP”),wealsopresentthef ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________. Commission File Number: 001-40898 AvidXchange Holdings, Inc. (Exact name of registrant as specified in its charter) Dela ...

Core Insights - AvidXchange Holdings, Inc. reported $105.6 million in revenue for Q1 2024, marking a year-over-year increase of 21.6% [1] - The company's EPS for the same period was $0.06, a significant improvement from -$0.02 a year ago [1] - Revenue exceeded the Zacks Consensus Estimate of $101.33 million by 4.21%, while the EPS surprise was 100% compared to the consensus estimate of $0.03 [1] Key Metrics - Transaction Yield was reported at $5.47, surpassing the three-analyst average estimate of $5.23 [2] - Transactions Processed totaled 19,300 thousand, slightly below the estimated 19,411.05 thousand [2] - Total Payment Volume reached $19.90 billion, exceeding the average estimate of $19.52 billion [2] Stock Performance - AvidXchange shares have returned -2.6% over the past month, compared to a -0.2% change in the Zacks S&P 500 composite [2] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [2]

Exhibit 99.1 avidxchange" AvidXchange Announces First Quarter 2024 Financial Results • Strong across-the-board year-over-year Q1'24 financial performance driven by yield expansion, transaction growth, unit cost reduction and operating expense discipline • Q1'24 operating income loss of $(4.1) million more than halved versus a loss of $(17.1) million in the comparable year-ago period • Q1'24 adjusted EBITDA up sharply to $17.7 million vs. $0.4 million in the comparable year-ago period • Sustaining a strong b ...

Core Insights - AvidXchange is transforming accounts payable (AP) processes for middle-market companies through software-enabled solutions, addressing unique challenges in supplier and vendor payments [1][4][5] - The automation of AP is becoming a priority for companies to reduce costs and enhance efficiency, particularly in the middle-market segment [3][4] Company Overview - AvidXchange is a leading provider of AP automation software and payment solutions, serving over 8,000 buyer customers and facilitating payments to more than 1,200,000 suppliers over the past five years [5][6] - The company operates on a Software-as-a-Service (SaaS) model, digitizing and automating AP workflows [5] Industry Context - The middle-market segment faces significant issues with late payments, which can lead to late fees and financial distress [3][4] - Financial fraud is a notable threat to middle-market companies, highlighting the need for robust safeguards and educated professionals in the FinTech space [4][7] Educational Initiatives - Creighton University's Heider College of Business is developing a new FinTech major to prepare students for careers in innovative financial technology, emphasizing the importance of staying current with industry advancements [4][7]

CHARLOTTE, N.C., April 09, 2024 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (NASDAQ:AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced that its first quarter 2024 ended March 31, 2024, financial results will be released on Wednesday, May 8, 2024. AvidXchange will host a conference call at 10:00 AM ET on May 8, 2024, to discuss the company's financial results. The call will be broadcast live via web ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about AvidXchange Holdings, Inc. (AVDX) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.AvidXchange currently has an average brokerag ...

Company Performance - AvidXchange Holdings, Inc. (AVDX) closed at $12.91, reflecting a +1.25% change from the previous session, outperforming the S&P 500's daily gain of 0.57% [1] - The company's shares have appreciated by 3.91% over the past month, surpassing the Computer and Technology sector's gain of 3.42% and the S&P 500's gain of 2.97% [1] Earnings Estimates - The upcoming earnings disclosure is anticipated to report an EPS of $0.03, indicating a 250% rise compared to the same quarter of the previous year [1] - The consensus estimate projects revenue of $101.76 million, reflecting a 17.2% increase from the equivalent quarter last year [1] - For the full year, earnings are projected at $0.18 per share and revenue at $444.13 million, representing changes of +157.14% and +16.66% from the prior year, respectively [2] Analyst Revisions and Rankings - Recent changes to analyst estimates for AvidXchange Holdings, Inc. indicate positive sentiment regarding the company's business outlook [2] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks AvidXchange Holdings, Inc. at 3 (Hold) [3] - Over the last 30 days, the Zacks Consensus EPS estimate has increased by 56.25% [3] Valuation Metrics - AvidXchange Holdings, Inc. has a Forward P/E ratio of 69.86, which is a premium compared to the industry's average Forward P/E of 30.15 [3] Industry Context - The Internet - Software industry is part of the Computer and Technology sector, holding a Zacks Industry Rank of 42, placing it in the top 17% of all 250+ industries [3]

The most recent trading session ended with AvidXchange Holdings, Inc. (AVDX) standing at $12.91, reflecting a -0.15% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily gain of 1.12%. Meanwhile, the Dow gained 0.61%, and the Nasdaq, a tech-heavy index, added 1.54%.Prior to today's trading, shares of the company had gained 5.64% over the past month. This has outpaced the Computer and Technology sector's loss of 0.4% and the S&P 500's gain of 2.06% in that time ...